Stocks in news: Adani Ports, SJS Ent, Federal Bank, RIL & Tata Motors PV
Markets traded in a subdued manner on the weekly expiry day and ended almost unchanged, taking a pause after the recent rebound. With the holiday-shortened week ahead of the New Year and the absence of major domestic triggers, global cues continue to dictate market direction. This has led to selective positioning rather than aggressive trades, while foreign flows remained mixed.
Going forward, analysts believe some consolidation in the index is likely after the recent rebound. However, the overall tone is expected to remain positive.
In today's trade, shares of Adani Ports, SJS Enterprises, Federal Bank, RIL, Tata Motors PV among others will be in focus due to various news developments.
Adani Ports
Adani Ports and Special Economic Zone has raised its earnings and cargo volume outlook after completing the acquisition of Australia’s North Queensland Export Terminal. On a proforma basis, APSEZ has revised its FY26 EBITDA guidance to Rs 22,350–23,350 crore from Rs 21,000–22,000 crore earlier. Cargo volume guidance has been increased to 545–555 million metric tonnes from 505–515 million tonnes.
Federal Bank
Fair trade regulator CCI on Tuesday cleared US-based Blackstone's proposal to acquire 9.99 per cent stake through warrants in private sector lender Federal Bank. Private equity firm Blackstone is acquiring stake through its arm Asia II Topco XIII Pte Ltd.
Aurobindo Pharma
Aurobindo Pharma said that it will pick up an additional 20 per cent stake in its China-based joint venture for $5.12 million. Helix Healthcare BV, a wholly-owned subsidiary of the company, has entered into a binding agreement with Shandong Luoxin Pharmaceutical Group Stock Co, the joint venture partner in Luoxin Aurovitas Pharma
RIL
Reliance Industries emerged as one of the top bidders for the central government's latest round of coal block auctions, aimed at boosting domestic coal gasification and cleaner energy production. According to bid participant details released following the opening of technical bids, Axis Energy Ventures and RIL jointly participated in bids for a large number of coal blocks across multiple states
Tata Motors PV
Tata Motors Passenger Vehicles (TMPV) on Tuesday outlined an aggressive electric vehicle expansion plan, saying it will introduce five new EV nameplates by FY30, including the much-anticipated premium Avinya range, as it targets a steady market share of 45-50 per cent in India’s fast-growing EV passenger vehicle segment, reported PTI.
Shree Cement
Shree Cement said it has withdrawn the lockout at a cement plant in Baloda Bazar, Raipur (Chhattisgarh), after reaching a settlement with workers. The company management and the workmen have reached an "amicable settlement" to resolve the standoff.
Biocon
Biocon said its arm Biocon Biologics Ltd has secured full and exclusive global rights for Hulio (biosimilar Adalimumab) from Fujifilm Kyowa Kirin Biologics. Biocon Biologics will assume end-to-end responsibility for manufacturing and commercialisation, along with rights for any additional development activities under the new agreement.
SJS Enterprises
SJS Enterprises announced the execution of a Technology License cum Supply Agreement (TLA) with BOE Varitronix Limited (BOEVX), Hong Kong, for the optical bonding and assembly of automotive display systems in India. This
milestone is in line with the company’s strategic expansion plans announced on September 16.
Going forward, analysts believe some consolidation in the index is likely after the recent rebound. However, the overall tone is expected to remain positive.
In today's trade, shares of Adani Ports, SJS Enterprises, Federal Bank, RIL, Tata Motors PV among others will be in focus due to various news developments.
Adani Ports
Adani Ports and Special Economic Zone has raised its earnings and cargo volume outlook after completing the acquisition of Australia’s North Queensland Export Terminal. On a proforma basis, APSEZ has revised its FY26 EBITDA guidance to Rs 22,350–23,350 crore from Rs 21,000–22,000 crore earlier. Cargo volume guidance has been increased to 545–555 million metric tonnes from 505–515 million tonnes.
Federal Bank
Fair trade regulator CCI on Tuesday cleared US-based Blackstone's proposal to acquire 9.99 per cent stake through warrants in private sector lender Federal Bank. Private equity firm Blackstone is acquiring stake through its arm Asia II Topco XIII Pte Ltd.
Aurobindo Pharma
Aurobindo Pharma said that it will pick up an additional 20 per cent stake in its China-based joint venture for $5.12 million. Helix Healthcare BV, a wholly-owned subsidiary of the company, has entered into a binding agreement with Shandong Luoxin Pharmaceutical Group Stock Co, the joint venture partner in Luoxin Aurovitas Pharma
RIL
Reliance Industries emerged as one of the top bidders for the central government's latest round of coal block auctions, aimed at boosting domestic coal gasification and cleaner energy production. According to bid participant details released following the opening of technical bids, Axis Energy Ventures and RIL jointly participated in bids for a large number of coal blocks across multiple states
Tata Motors PV
Tata Motors Passenger Vehicles (TMPV) on Tuesday outlined an aggressive electric vehicle expansion plan, saying it will introduce five new EV nameplates by FY30, including the much-anticipated premium Avinya range, as it targets a steady market share of 45-50 per cent in India’s fast-growing EV passenger vehicle segment, reported PTI.
Shree Cement
Biocon
Biocon said its arm Biocon Biologics Ltd has secured full and exclusive global rights for Hulio (biosimilar Adalimumab) from Fujifilm Kyowa Kirin Biologics. Biocon Biologics will assume end-to-end responsibility for manufacturing and commercialisation, along with rights for any additional development activities under the new agreement.
SJS Enterprises
SJS Enterprises announced the execution of a Technology License cum Supply Agreement (TLA) with BOE Varitronix Limited (BOEVX), Hong Kong, for the optical bonding and assembly of automotive display systems in India. This
milestone is in line with the company’s strategic expansion plans announced on September 16.
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